The market is down today because Michael Burry revealed he’s shorting Palantir and Nvidia.
Sure—he was right about the 2008 housing bubble. So maybe there’s something to this.
But he’s been wrong plenty of times too. He shorted Tesla in 2020, and that went nowhere. Believe me, I would’ve loved for him to be right. Yet $TSLA is worth far more now than it was five years ago. That pains me to admit—especially since I still think Tesla shouldn’t be worth more than GM or Ford—but I don’t set valuations.
Then in 2021, he warned of “the greatest speculative bubble of all time in all things,” predicting the S&P would crash 50%. In reality, the S&P only dropped 18% in 2022—a correction, not an apocalypse.
His biggest miss, though, was claiming “index funds were a bubble analogous to sub-prime CDOs.” That never happened. Anyone who followed that advice and cashed out would’ve missed massive gains.
I’m not saying he’s wrong this time. He could be right. He did call the Great Recession and made a fortune doing it. But since then, he’s gotten a lot of things wrong.
Right now, the markets are fearful—and I get it. Sentiment moves prices more than fundamentals. But ironically, it’s not fearful markets you should fear. It’s greedy ones.
https://finance.yahoo.com/news/michael-burry-of-big-short-fame-discloses-bets-against-palantir-and-nvidia-160833044.html
Chris Trottier
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2025-11-04 19:21:41 UTC
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2025-11-04 19:21:41 UTCEvent JSON
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"content": "The market is down today because Michael Burry revealed he’s shorting Palantir and Nvidia.\n\nSure—he was right about the 2008 housing bubble. So maybe there’s something to this.\n\nBut he’s been wrong plenty of times too. He shorted Tesla in 2020, and that went nowhere. Believe me, I would’ve loved for him to be right. Yet $TSLA is worth far more now than it was five years ago. That pains me to admit—especially since I still think Tesla shouldn’t be worth more than GM or Ford—but I don’t set valuations.\n\nThen in 2021, he warned of “the greatest speculative bubble of all time in all things,” predicting the S\u0026P would crash 50%. In reality, the S\u0026P only dropped 18% in 2022—a correction, not an apocalypse.\n\nHis biggest miss, though, was claiming “index funds were a bubble analogous to sub-prime CDOs.” That never happened. Anyone who followed that advice and cashed out would’ve missed massive gains.\n\nI’m not saying he’s wrong this time. He could be right. He did call the Great Recession and made a fortune doing it. But since then, he’s gotten a lot of things wrong.\n\nRight now, the markets are fearful—and I get it. Sentiment moves prices more than fundamentals. But ironically, it’s not fearful markets you should fear. It’s greedy ones.\n\nhttps://finance.yahoo.com/news/michael-burry-of-big-short-fame-discloses-bets-against-palantir-and-nvidia-160833044.html",
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